Gross average monthly earnings rise by 1% in Q4 2017

The average gross monthly earnings of employees in Cyprus rose by 1% in the fourth quarter of 2017 compared with the respective period of 2016, the Cyprus Statistical Service (Cystat) said on Monday.

According to preliminary data, the average gross earnings of employees amounted to €2,169 in Q4 of 2017 compared with €2,149, in Q4 of 2016. Based on seasonally adjusted data, average monthly earnings in Q4 2017 are estimated at €1,892 compared to €1,885 in the third quarter of 2017 recording an increase of 0.